ToniM
Level 2
03-26-2023
09:19 PM
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In preparing the 2023 and 2024 estimates from the Tax Planner Worksheet, the software continues to use $6000 for an IRA contribution or $7000 for those 50 and older.
When will the software be updated?
When will the software be updated?
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GodFather
Level 8
03-27-2023
05:54 AM
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It should be changed but I imagine that is a low priority for them. Not suggesting it should be low. At this point in the season you would think that would already have been updated. With that said, the $500 difference is not going to impact that calculation significantly. Maybe provide the estimate the planner indicates and just let the client know that it is an approximate tax.
